Panama’s Supreme Court to rule on cryptocurrency legislation

[ad_1] Panama's crypto bill saga has reached a new chapter, with the country's Supreme Court deciding the future of the local crypto industry.Panama's President Laurentino Cortizo sent on Jan. 26 the Bill No. 697, dubbed the "crypto bill," to the high court for review and approval, after objecting to the legislation, claiming it violated the constitution's core principles and was unenforceable. The Supreme Court must now decide whether to declare

LTC, AVAX, APT and FTM prepare to rally as Bitcoin price targets $24K

[ad_1] Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner.Usually, a sharp recovery from the market lows, driven by the leader, is a sign that strong hands may be buying aggressively. That could be because traders believe the selling may have been overdone in

North Korean hackers launder $27M ETH from Harmony Bridge attack

[ad_1] North Korean exploiters behind the Harmony Bridge attack continue to launder the funds stolen in June 2022. According to on-chain data revealed on Jan. 28 by blockchain sleuth ZachXBT, the perpetrators moved another $27.18 million in Ethereum (ETH) over the weekend.The tokens were transferred to six different crypto exchanges, noted ZachXBT in a Twitter thread, without disclosing which platforms had received the tokens. Three main addresses carried out the

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

[ad_1] Bitcoin (BTC) spiked into key liquidity for a third time into Jan. 29 as the weekly and monthly closes loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader on Bitcoin: $25,000 "in sight"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly hitting $24,498 on Bitstamp overnight.The move, although short lived, marked the pair's third such attempt to take sell-side liquidity above $23,400 in recent days.In each instance, bulls appeared to lack

South Korea to deploy cryptocurrency tracking system in 2023

[ad_1] The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities.The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.The South Korean Ministry of Justice will introduce a "cryptocurrency tracking

Yuga Labs co-founder to take leave of absence due to health reasons

[ad_1] Nonfungible token (NFT) entrepreneur Wylie Aronow of Yuga Labs — the team behind Bored Ape Yacht Club (BAYC) and CryptoPunks — will be taking a leave of absence from the office to manage a host of heart failure symptoms.In a Jan. 28 Twitter post to his 144,900 followers, Aronow said the tough decision to step away came on the back of a heart failure diagnosis after experiencing a myriad